DraftKings leads New Jersey online casino revenues in June

The New Jersey Division of Gaming Entertainment has recently released its June reporting and revenue figures, and the state generated $186.8 million in online casino revenue in June 2024. This is the fourth-highest month ever recorded in the state of New Jersey.

New Jersey online casinos officially eclipsed the $1 billion mark through the first half of 2024, and the $186.8 June figure represents a 25.2% increase over June 2023. The top months in New Jersey history have come in recent months as well with March 2024 representing the biggest month ever in New Jersey online gaming history. All in all, New Jersey casino players continue to show an insatiable appetite for online gaming.

The state coffers aren’t complaining as the June $186.6 million in revenue also represented $28 million in tax revenue for the state.

Since New Jersey began reporting a greater level of detail this year, we now can see how the revenue is broken up amongst the top operators in the state. The top ten operators by June revenue are as follows:

• DraftKings: $41,033,491
• FanDuel: $35,975,523
• BetMGM: $22,314,799
• Borgata: $17,853,987
• Caesars Palace: $11,344,088
• Hard Rock Bet: $9,593,197
• Golden Nugget: $7,792,420
• BetRivers: $6,944,975
• Bally: $5,839,019
• ESPN BET: $3,265,337

Notable that DraftKings and FanDuel, the two largest sports betting brands in New Jersey and the US, have done an excellent job of converting sports bettors into casino players as well. DraftKings lead on the list is further bouyed by the fact also that the company owns the Golden Nugget brand which is 7th on the list. BetMGM owns the Borgata brand, so the combined number of 3rd and 4th place would put BetMGM’s total ahead of FanDuel for the month.

Fanatics and ESPN BET, two major new brands in the space, have room to grow in the NJ casino market.

In other online casino news, discussions occurred within the Buckceye state this past week as a study on the future of Ohio gaming was discussed among lawmakers. Several notable lawmakers in the state urged expansion from a successful sports betting industry into both iGaming and iLottery.

Ohio legislators have pointed to the success of online casino in states such as New Jersey, Michigan and even Connecticut as support in making the case for Ohio legalization.

As is the case in a number of U.S. states, support for further igaming legislation is split in Ohio. The reasons are varied, but include a desire to not cannibalize brick-and-mortar casino facilities as well as the potential risk of problems for expansion of online gaming.